OlympTrade is a broker with a variety of tempting options and excellent trading platform. According to the broker, there are over 370 thousands traders that are registered with OlympTrade. In our OlympTrade review, we will talk about the quality of their services and most important facts that are crucial for traders before they register and start trading. During our OlympTrade review, we have acknowledged that broker is a FinaCom member.
OlympTrade broker is a broker that allows low minimum deposit of just $10 and traders can place minimum investment of $1. According to the broker, the maximum payout is 80% which is considered to be industry average. Read more about trading accounts, banking information and customer support in our OlympTrade review below.
OlympTrade Account Features
Unlike many other brokerage companies, OlympTrade review discovered that broker doesn’t provide more trading accounts to choose from. OlympTrade considers all traders need to have the same chances that might lead to success in trading binary options. From our perspective, this sounds like a very democratic decision and besides that, it also enables a clear overview of trading options for their clients.
As we have already mentioned, OlympTrade starts with only $10 minimum deposit which is another indicator that enables every trader to have the opportunity to start investing in binary options. The usual minimum deposit for other brokers goes between $200 and $250 which could potentially reject traders that have no trading experience. Because of this fact, OlympTrade might be an excellent place for binary newbies too.
In our OlympTrade review, we have ascertained that traders can start investing from just $1 and they have the option to choose between EUR and USD. Some brokers don’t allow the option to choose the investment currency, which is another benefit of this broker. It might be important to mention that once the currency is chosen it cannot be changed afterward.
While we were researching the OlympTrade services we have found this broker provides a vast amount of very important features that will help traders in their trading process. The broker doesn’t just allow traders to deposit and trade, they have developed very useful and friendly analytics tools, account manager support and access to financial markets. Besides that OlympTrade traders have the opportunity to get free education materials, but we will talk about that a bit later.
Since there is no option to trade with the different trading account, the OlympTrade review has found there is an option to trade with OlympTrade demo account. Of course, OlympTrade demo account is only available for traders that register with OlympTrade first.
According to the OlympTrade, demo account is filled with 10.000 of virtual funds and it is equipped with complete set of trading tools like real OlympTrade account. A demo account allows traders to test their trading abilities before they start placing trades with real money. OlympTrade review found that demo account allows trading without any investments. According to the OlympTrade support manager, a demo account is available that moment when traders register with broker. There is no need to make a first deposit in order to activate demo account. We are sure many traders will like this decision because most brokers activated demo accounts after traders make a deposit.
Our OlympTrade review found that traders are welcomed with $10 initial bonus after they make a deposit with OlympTrade. Besides a welcome bonus traders can activate other on pay bonuses and promo code bonuses.